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Tax Bill Creates a Divorce Rush

Divorce lawyers are keeping plenty busy as the year winds down, thanks in part to the Republican tax bill.
The Hill’s Naomi Jagoda explains: “The 2017 GOP tax overhaul eliminates the deduction for alimony payments in divorce agreements entered into after Dec. 31, 2018. That means beginning next month, tax savings for many divorcing couples will be smaller than they are now.”
Divorce lawyers and financial planners told Jagoda they’ve seen a big uptick in the number of couples attempting to finalize their splits “It is a complete madhouse,” said Jacqueline Newman of Berkman Bottger Newman & Rodd in New York.
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Divorce lawyers are keeping plenty busy as the year winds down, thanks in part to the Republican tax bill.

The Hill’s Naomi Jagoda explains: “The 2017 GOP tax overhaul eliminates the deduction for alimony payments in divorce agreements entered into after Dec. 31, 2018. That means beginning next month, tax savings for many divorcing couples will be smaller than they are now.”

Divorce lawyers and financial planners told Jagoda they’ve seen a big uptick in the number of couples attempting to finalize their splits “It is a complete madhouse,” said Jacqueline Newman of Berkman Bottger Newman & Rodd in New York.